US Stocks Dipped Friday As Europe Continued To Be An Issue

US stocks plunged on Friday over worries concerning European debt and Capitol Hill financial reform moves. Tom Samuels, managing director at Palantir Investments, said, "What we're witnessing is a rotation of concern from economic recovery considerations to liquidity conditions.” “When you review the actual fundamental health of our economy, we're still teetering in the balance," he added. The Dow Jones Industrial Average lost 162.79 points, or 1.51%, to 10620.16. However, it gained 2.31% over the week, marking its biggest point and percentage gain since the week ended March 5. The Standard & Poor's 500-share index fell 21.76, or 1.88%, to 1135.68, but closed the week up 2.23%. The Nasdaq Composite slipped 47.51, or 1.98%, to 2346.85, but moved up 3.58% over the week, also its biggest point and percentage gain since the week ending March 5. Top decliners included chip maker Nvidia NVDA, which plunged 1.69, or 12%, to $12.96, a day after the company issued weaker-than-expected sales outlook, money manager Waddell & Reed Financial WDR, which slid 1.81, or 5.3%, to $32.25, after the firm announced that it was "affected negatively" by volatility on May 6 and software company CA Inc CA, which fell 1.37, or 6.3%, to $20.51, despite reporting a 55% jump in fiscal Q4 profit, on earnings miss. Read more from Benzinga's Markets.